Financed ProjectsMobiasbanca SA Trade Finance

Identification Code:

OP/05/0474

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

BSTDB had extended a EUR 3 million revolving trade finance facility to Mobiasbanca to advance short-term sub-loans to companies in Moldova who export goods to or import goods from other BSTDB member countries. Up to 50% of the facility could be used to finance export of goods from Moldova to non-member countries. Sub-loans made by the bank to its clients will be in amount up to EUR 3 million, with a maximum maturity of 12 months.

Countries of Operation:

Moldova (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

CB MOBIASBANCA- group SOCIETE GENERAL SA is a private bank established in 1990 and majority owned by a foreign investor. It is one of the largest banks in Moldova, which specializes in supporting small and medium-sized enterprises. In 2002 it was registered as an open joint stock commercial bank and its shares are listed on Moldovan Stock Exchange.

Co-Financiers/Participants:

Guarantors/Sponsors:

SOCIETE GENERAL SA, BRD, EBRD

Developmental and Regional Cooperation Impact:

Mobiasbanca was the first financial intermediary of BSTDB in Moldova. By working with Mobiasbanca, BSTDB supports Moldova’s SME sector and promote trade in the countries of the Black Sea region.

Environmental Classification and Impact (summary):

In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities FI follows BSTDB's Negative List of Goods, including the Environmental Exclusion List, and subject domestic legal requirements. It also reassures that the Beneficiaries fully comply with these requirements. The Borrower shall immediately notify the Bank of occurrence of any incident or accident relating to any underlying export or import transaction of which the Borrower is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org